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These 3 Regional Banks Rule California

By Jay Jenkins - Oct 9, 2013 at 8:02AM

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If "Too Big To Fail" is not your idea of a sound investment, these three regional banks may be the golden ticket from the Golden State

If you consider individual U.S. states as independent economies, then California would be the 12th largest economy in the world. Based on estimates from the International Monetary Fund, California's economy is larger than that of Australia and South Korea (among other developed, first-world nations).

With an economy of this magnitude, there are opportunities aplenty for banks interested in deposits, loans, and cash management -- and not just the megabanks, either.

In the video below, Motley Fool contributor Jay Jenkins finds two regional banks, Union Bancshares ( UNB -0.39% ), U.S. Bancorp ( USB 2.32% ), and a regional subsidiary of BNP Paribas ( BNPQY 1.61% ), Bank of the West, that are competing on market share against their "too big to fail" megabank competitors.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

U.S. Bancorp Stock Quote
U.S. Bancorp
USB
$56.88 (2.32%) $1.29
Union Bankshares, Inc. Stock Quote
Union Bankshares, Inc.
UNB
$30.88 (-0.39%) $0.12
BNP Paribas SA Stock Quote
BNP Paribas SA
BNPQY
$32.29 (1.61%) $0.51

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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